Tagged Questions

For any question related to taxes and not otherwise covered by a more specific tag such as income-tax, sales-tax, etc. Whenever asking about taxes, please also specify a country tag such as united-states, canada, united-kingdom, etc.

I'm based in Quebec and intend to offer freelance marketing consulting services. I intend to find clients from online freelancing websites such as Odesk. This means my clients could be from outside of ...

A trader we are using has suggested that we don't need to pay VAT as he doesn't earn enough to pay it. Is this normal? All of the other quotes we received said we would need to add VAT on top of the ...

This is a question about US taxes and accounting.
The documentation I've read says that if an estate is run on a cash accounting system, then any income received after the decedent's date of death is ...

I was working for an Indian IT company. I worked in India for few years and then was deputed to a client location in US. In the middle of last year, i quit the Indian company and joined an American IT ...

I'm an international student about to graduate. I never had a work permit, no income, no SIN so never filed tax return before. Stupid enough, I just realized I can use my tuition credit, so can anyone ...

My tax software is setting up an IRS Form 4797 for business property that is no longer being used for business. The asset in question is a vehicle that is also listed property and has never been used ...

I am looking at Tax-Exempt Municipal Bond Fund as a hassle free investment option. This is the first time I'm looking to invest outside of a retirement account, and having read up on the process of ...

Let's assume that we've already determined an early withdrawal from a Traditional IRA will be taken and that it does not qualify for any of the tax-free conditions. I am aware of the lost opportunity ...

I'm a self-employed individual who works in the event setup/execution/teardown industry. I am preparing my taxes and I'm trying to figure out if I can deduct my mileage spent commuting from my house ...

My 65-year old mother lives with us in Florida, and she takes care of our two young children while my husband and I are at work. My husband and I pay my mother about $6,000 a year in cash, and we use ...

I have 2 home loans against 2 properties. i have got the possession for one property and already availing 1.5 lac rebate over int. repayment.
I want to ask is , Can i claim rebate on interest payment ...

I know just the basics when it comes to taxes and IRS. So I went to a tax professional to prepare my taxes. He filed my taxes electronically (e-file) and it was approved right there.
I double-checked ...

If I buy 100 shares of XYZ at 1 $/share and another 100 shares at 2 $/share and sell all 100 at 3$/share, do I pay tax on:
100*3 - 100*1.5 = 150 $ (i.e is the buy price taken to be the average of my ...

I have shares in an MLP in two vehicles:
A small position from employee stock purchases when I briefly worked for the company
A larger position from after I left the company and bought shares on my ...

I have some substantial deductions via donations and medical expenses.
Unfortunately it does not seem like my income is high enough for them to be considered this year.
After going through the steps ...

My mother is in the process of selling her rental unit to a buyer. They have a contract laid out where the buyer is making 10-year amortized payments for 5 years, with a balloon payment at the end. ...

I am an Indian citizen living in the US for last 4 years. My husband will be transferred to Brunei starting July and I will join him too.
My US employer wants me to continue working as a freelancer ...